Jan 14, 2019 06:03 PM IST | Personal Finance
Investment options eligible for deduction under section 80C of Income Tax Act, explained
All investments and expenses put together, one can avail deduction up to Rs 1.5 lakh per financial year. Each one of these come with some condition. It is better to know the same before committing your hard-earned money.
ULIPs come with a five-year lock in period and one can avail of tax benefit if the sum assured is at least 10 times the annual premium paid.
Sukanya Samriddhi Yojana (SSY) is a scheme meant for a girl child and allows partial withdrawal of funds when the girl child attains the age of 18 years. Remaining money can be withdrawn when the girl child is 21 years of age.
Published Date: Jan 14th, 2019 02:52 PM | Updated Date: Jan 14, 2019 06:03 PM IST
Have you signed up for Primo, our daily newsletter?It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morningYOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more